Indiana’s Cash Reserves Surge | Fort Wayne News

Fort Wayne News Today | 2 Min News | The Daily News Now! · Jul 22, 2026 · 1m

Indiana’s cash reserves just soared by $1.5 billion in one year, pushing total savings to nearly $4 billion—thanks to way-better-than-expected tax collections and disciplined spending. The governor says this windfall opens doors for big investments in infrastructure, healthcare, early childhood education, and even potential tax relief. Tax revenue jumped 6.8%—way above the 1% forecasted last year. Democrats are pushing to use the money now to fix urgent needs like underfunded K-12 schools. Projections show reserves could hit $5 billion next summer with another $1.3 billion gain. But officials…